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Plans to change definitions of Belarusian, foreign companies in new Tax Code scrapped

The new Tax Code will not change the definitions of Belarusian and foreign companies, representatives of the Entrepreneurship Development Council told BelTA.

An Entrepreneurship Development Council session took place on 17 October to discuss problems of the draft Tax Code. According to the petitions the council receives and according to mass media publications, Belarus' private sector was most concerned about oversight over transfer prices (chapter 11 of the General Part of the Tax Code) and the procedure for recognizing foreign companies as Belarusian tax residents (articles 15 and 16 of the General Part).

IAEA praises Belarus' preparedness for emergencies

Reliable mechanisms to respond to emergencies have been created in Belarus. Deputy Director General of the International Atomic Energy Agency Juan Carlos Lentijo made the statement after an IAEA mission finished work in Belarus, BelTA has learned.

An Emergency Preparedness Review (EPREV) mission sent by the International Atomic Energy Agency (IAEA) finished work in Belarus on 17 October.

Belarus, Russia sign $500m worth of contracts at 5th Forum of Regions

Belarus and Russia signed $500 million worth of contracts at the 5th Forum of Regions in Mogilev, Chairman of the Council of the Republic of the National Assembly of Belarus Mikhail Myasnikovich said in an interview to the Belarus 1 TV channel, BelTA has learned.

We have reached the sum of more than $500 million. The bulk is the Belarusian export to the Russian Federation. I took a look at these contracts: two thirds of them are investment goods: machinery, tools, equipment, electronics, the speaker said.

Belarus president talks about importance of regional cooperation with Russia

It is in the regions of Belarus and Russia where multiple manufacturing chains begin to result in joint products. Belarus President Alexander Lukashenko made the statement during the plenary session of the fifth Forum of Regions of Belarus and Russia in Mogilev on 12 October, BelTA has learned.

Alexander Lukashenko said: Virtually every Belarusian product, including tractors, trucks, or cars or household appliances, contains a Russian component.

5th Forum of Regions of Belarus and Russia opens in Mogilev

The 5th Forum of Regions of Belarus and Russia is opening in Mogilev on 10 October. It will run till 12 October, BelTA has learned.

The key event of the forum will be a plenary session to discuss priority areas in the development of regional cooperation as a key factor of integration and the Union State construction. The session will be attended by Alexander Lukashenko and Vladimir Putin.

IMF revises upward Belarus' growth forecast

The International Monetary Fund (IMF) has improved its forecast on Belarus' economic development, BelTA learned from the IMF's new World Economic Outlook.

According to the IMF, Belarus' economy will expand by 4% in 2018 and by 3.1% in 2019. Earlier, the fund projected Belarus' GDP growth at 2.8% in 2018.

According to the IMF, inflation in Belarus will make up 5.5% in 2018 and 2019.

Lukashenko meets with former Ukrainian President Viktor Yushchenko

Belarus President Alexander Lukashenko met with Ukrainian statesman and political figure, former president of Ukraine (2005-2010) Viktor Yushchenko in Minsk on 8 October, BelTA has learned.

There are many issues that I am ready to discuss with you, including the position of Ukraine in the CIS. Ukraine has announced its withdrawal from the CIS. It has not been officially done yet, however.

New PM Sergei Rumas introduced to Belarusian parliament

Head of the Belarus President Administration Natalya Kochanova introduced new Prime Minister Sergei Rumas to the House of Representatives on 5 October, BelTA has learned.

According to Natalya Kochanova, one of the priorities of the personnel policy is to form an efficient state apparatus able to ensure sustainable social and economic development of the country, quickly respond to present-day challenges and threats, take objective decisions in the interests of people and be accountable to people.

Belarus FM: The world needs a new format of international relations

The world needs a new format of international relations, Belarus' Minister of Foreign Affairs Vladimir Makei said at a plenary session of the 73rd UN General Assembly in New York on 2 October, BelTA learned from the press service of the Belarusian Ministry of Foreign Affairs.

The 73rd UNGA session marked the 100th birthday of outstanding state and political figure, former RSA President Nelson Mandela.

Belarus counts on continued tight cooperation with World Bank

Belarus expects that tight cooperation with the World Bank will continue. Prime Minister of Belarus Sergei Rumas made the statement as he met with World Bank representatives on 2 October, BelTA has learned.

The prime minister said: I am happy to mention the high level of cooperation between the Republic of Belarus and the World Bank. The figures are self-explanatory: the total portfolio of projects on record is estimated at over $1.

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Zhodino Regional Executive Committee, 2008
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